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Harmonic Down 8.2%, Shares Slide into the Red (HLIT)Jan 30, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Harmonic (NASDAQ:HLIT) is one of today's worst performing low-priced stocks, down 8.2% to $5.00 on 1.0x average daily volume. Thus far today, Harmonic has traded 524,000 shares, vs. average volume of 523,000 shares per day. The stock has underperformed the Dow (-8.2% to the Dow's -0.1%) and underperformed the S&P 500 (-8.2% to the S&P's -0.2%) during today's trading. Harmonic share prices have moved between a 52-week high of $10.05 and a 52-week low of $3.76 and are now trading 33% above that low price at $5.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%. Harmonic Inc. designs, manufactures, and markets digital and fiber optic systems. The Company's systems enable cable, satellite, and wireless operators to deliver video, Internet, telephony, and high-speed data services. Harmonic's TRANsend digital product line combines and customizes content from a variety of sources. There is potential upside of 0.1% for shares of Harmonic based on a current price of $5.00 and an average consensus analyst price target of $5.00. The stock should find initial support at its 50-day moving average (MA) of $4.90 and further support at its 200-day MA of $4.51. SmarTrend recommended that subscribers consider buying shares of Harmonic on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.61. Since that recommendation, shares of Harmonic have risen 18.0%. We continue to monitor HLIT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |